Quote:
Originally Posted by vl_86
2nd quarter financial results are out for YNG
Jason are you still holding onto the company? It's been trending downwards quite heavily for the last week
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No sweat, still holding
Let the volume do the talking, I wouldn't say it was trending down heavily considering there was a very limited amount of shares traded when you consider the 1B outstanding shares. Also think that that there has probably been some profit taking form the crowd that picked it up in the low twenties.
Actually I recently picked up another 40k shares.
Financials were slightly worse than most people probably expected, the downtime with the conveyor was fairly well known, and the financing was an indicator that the quarter wasn't going as well as some would have hoped. I'm still super bullish on the company, was hoping the second quarter would be when they got the ball rolling the right direction, bu it looks like the 3rd quarter is the real indicator of whether or not this company can make things work.
FML, major issues at work right now
Barely have any time to watch markets or fuck the dog.